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Health Economics & Financing(Discussion Forum-Efficiency & Equity).

Health Economics & Financing(Discussion Forum-Efficiency & Equity).

by Rezwana Naznin -
Number of replies: 0

Efficiency: Efficiency signifies a peak level of performance that uses the least amount of inputs to achieve the highest amount of output. It requires reducing the number of unnecessary resources used to produce a given output including personal time and energy. Efficiency can be reported as a ratio of outputs to inputs.

Example: Depends to a large extent on financial resources, the ability of local health departments (LHDs) to provide public health services to improve the health of their communities is the efficiency of local health departments (LHDs).

Equity: The concept or idea of fairness is called equity. Equity is the absence of avoidable or remediable differences among groups of people, whether those groups are defined socially, economically, demographically, or geographically. Specifically, it may refer to equal life chances regardless of identity, to provide all citizens with a basic and equal minimum of income, goods, and services or to increase funds and commitment for redistribution.

Example of Equity:
1. Providing low-cost services to those people, living in a low income household.
2. Using mobile health screenings to help those people who may not have access to transportation.